If you’re looking to make your money work for you but are reluctant to start buying stocks or other similar assets here are five non-stock market investment ideas.
Your Own Business
Thanks to the internet you can make a little bit of money go a very long way with an online business. And the business you start can be virtually anything.
You can take a little money and set up a freelancer’s website, a blog, an online store, or something else.
It will take hard work in addition to a little bit of money, but the rewards of starting an online business (or any business for that matter) can be huge!
I encourage everyone to develop a side hustle by starting their own business.
In fact, in a previous post, I mentioned that the best thing Morehouse College students should do, after getting their student loan debt paid off by billionaire Robert Smith, is start their own business.
Real Estate
Real estate has always been an attractive investment choice.
Some people even like real estate more than the stock market.
It can be volatile at times, like during the 2008 financial crisis. But overall, real estate has done well and made a lot of people very rich.
With real estate, you can choose a buy and hold strategy by converting non-owner occupied property into a rental property to receive passive income.
You can also flip real estate quickly to a higher payout, more immediate payout.
Certificates of Deposit (CDs)
If you’re looking for a super-safe investment then CD’s could be right for you. But you know what comes along with super safe investments? Super low returns.
CD rates are still very low, so if your risk tolerance is moderate to high then this probably isn’t the investment for you.
If you don’t mind the low yields on CDs but don’t want to get locked into a long holding period, try T-bills instead.
Start-ups
Did you know that you can now invest in start-up businesses?
There are certain start-up sites now looking for angel investors. I would highly recommend that you thoroughly research any company you’re thinking of investing in beforehand. However, if you want to support entrepreneurs this could be the perfect non-stock market investment idea for you.
Invest in Yourself
Sometimes the best investment worth making is to invest in yourself.
In fact, it may be your best investment choice in 2019.
Which Will You Do?
When investing you are in no way limited to the stock market. There are many, many ways to make your money grow without every putting your cash into a stock. (If you do want to get started investing in the stock market with very little money read this.)
Just find something you believe in and make calculated investments. It really can be that simple!